Man Group, the world's largest listed hedge fund firm, has failed to break the fund raising records that it set for its new launches last year but has still managed to attracted $625m (€497m) for its latest offering.

The Man Multi-Strategy Series 6, which was launched this week, combines the use of a range of different investment strategies - arbitrage, equity hedge, fund of hedge funds, long/short equities and managed futures - with a capital guarantee that ensures investors a return of at least 120% of their initial investment at maturity.